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Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 15 July 2019 Larnaca new high rise tower projects

    In Larnaca, some 20 – 30 high-rise residential developments and hotels... read more

  • 27 June 2019 Home Saves homes but also sells them away

    On September 2, applications for the Home project will begin. Yesterday the... read more

  • 18 June 2019 Citizenship by Investment Property Fair in Beirut Lebanon

    On 13 and 14 June 2019 we took part, together with our legal team, in the... read more

  • 13 May 2019 Petrolina will move storage units by years end

    read more

  • 6 May 2019 Energy saving measures grant scheme

    There are opportunities for those living in Cyprus to the reduce their energy... read more

Vyras Moving forward with the harbor and marina development in Larnaca

   

Assess their progress work on the integrated development of the port and the marina of Larnaca and the issue of migration of oil and gas companies from the waterfront of the city, expressed today by Mayor Andreas Vyras. 
 
In a meeting held today Larnaca reporters the mayor was informed about issues facing the city and on the subject of integrated development of the harbor and marina said last week he had a meeting with the Minister of Transport, Communications and Marios Demetriades Works and the project researchers during which they discussed procedural matters and the minimum criteria required for the investment. 
 
He added that from the discussion it emerged that the minimum criteria to be determined are general surveys such as the size of cruise ships will arrive at the port and ship a minimum of places for mooring in the marina.

But noted that the minimum requirements of the Larnaca municipality consider their citizens that their daily lives have no negative impact and development fall within the local plan. 
 
He noted that the final decision is expected for the company or a consortium chosen by the proposals of interest to be preselected and then make the final writing of the terms of an offer. He said the end of time will be assigned the task to a specific investor, noting that the Larnaca Municipality can not have a say in the project until the submission of the minimum requirements. 
 
Answering questions, Mr. Vyras said that investors are not required to adopt the study made by the firm Ernest & Young, noting that the Municipality managed to convince that they should be given an incentive to build a hotel on the land area of investment and creating bus transfer station. 
 
Regarding the issue of oil transportation and gas facilities from the seaside Larnaca front, the Mayor said that the monitoring committee on the issue involved and one person from the municipality, that the relevant Commission met with all companies and noted that "it appears that timelines for moving oil companies in March 2018 and gas in March 2019, will not materialize ", since there is the possibility that the two oil companies to seek deadline even a few months. 
 
Regarding the movement of gas companies Mr. Vyras said that the municipality will keep the situation expected the final decision of the Competition Committee (PSC) on whether to give permission for the establishment of the Consortium gas companies and move them to the Royal and then "We will start contacts even protests. ' 
 
He explained that the PSC supports while creating Consortium nevertheless sets companies some terms related to the issue of competitiveness. On the other note, no gas company did not mention that the municipality will not be moved from Larnaca and suggest that first await the decision of the PSC and then it will take some time for their departure from the seafront. 
 
Andreas Vyras further explained that "the decision of the PSC and the departure time are two variables that will ultimately determine the travel schedules of LPG companies in the Royal."

Source: philenews / KYPE

http://www.philenews.com/eidiseis/topika/article/405328/byras-prochoroyn-i-anaptyxi-limanioy-kai-marinas-larnakas